Read More

It is understood the company's board will meet next week where Wylfa Newydd will be on the agenda.

A spokesman said: "No formal decision has been made in this regard currently, while Hitachi has been assessing the Horizon Project including its potential suspension and related financial impacts in terms of economic rationality as a private company."

Read More

Walking away from the scheme would see the company write off around £2bn in investment so far.

A Welsh Government spokesperson said: "This story is based on speculation and this issue is clearly a commercial matter and a decision for Hitachi.

“This is a major project with potentially significant economic benefits to Anglesey, North Wales and Wales.

"We will continue to monitor the situation very carefully and press the UK Government do to everything it can to help bring this project to Anglesey."

Wylfa Newydd has the potential to create around 6,000 jobs during construction and up to 1,000 long term roles at the plant once it is operational.

What opponents of Wylfa Newydd said

PAWB (People Against Wylfa B) said it welcomed reports from Japan that Hitachi could freeze their project to build a nuclear power station on Anglesey.

A spokesman added: "Should the news be confirmed at a meeting of the Hitachi board next week then it will be a relief for all of us who worry about the future of our island, our country, our language, our environment and indeed renewable energy."

Read More

Dr Doug Parr, chief scientist for Greenpeace UK, said: "The government’s energy policy is in tatters, but this is the opposite of a disaster.

"We could have locked ourselves into reliance on an obsolete, unaffordable technology, but we’ve been given the chance to think again and make a better decision.

"Our urgent, immediate dilemma - how to maintain security of supply whilst cutting carbon - can be solved by making offshore wind, at half the cost of nuclear, the backbone of the new power system.

"The failure of the old technology is the opportunity the new technologies need, and Britain’s world-leading offshore wind industry’s time has come."

But Tom Greatrex, chief executive of the Nuclear Industry Association, said: "Wylfa is a strong site, with local support and the Horizon project would deliver 60 years of reliable, secure, low carbon power for homes, businesses and public services - with a strike price much below any offshore wind project generating power now, and the prospect of future strike prices equivalent to the lowest offshore wind auction bids - it is imperative that new nuclear at this site goes ahead."

A spokeswoman for the Business, Energy and Industrial Strategy department said: "Negotiations with Hitachi on agreeing a deal that provides value for money for consumers and taxpayers on the Wylfa project are ongoing. They are commercially sensitive and we have no further comment at this stage."